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The plan issued an RFP in June “as part of its fiduciary responsibility.”
The fund closes oversubscribed with approximately $500 million in committed capital.
The plan also eliminated its global equity and emerging market debt targets.
The plan hired from within the organization for the role.
The retirement system is seeking active global all-cap, large-cap, mid-cap and small-cap equity managers.
The plan interviewed a total of four finalists at a board meeting yesterday.
The plan hired a new international equity manager at today’s board meeting.
The new hire will work alongside Co-Head of Global High-Yield Sunita Kara.
The new deputy executive director has been with the plan for more than five years.
The institution will conduct a search for a cio to oversee its more than $3 billion in assets as its current investment head will retire after more than 14 years of service.